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2022-02-01 11:50:03 Morgan Stanley Says Bitcoin’s 50% Correction Is Nothing New

Bitcoin's 50% drop from November's record high is nothing new and the correction is within historical norms, Morgan Stanley said in a research note entitled "State of the bear market."

The bank notes that bitcoin has witnessed 15 bear markets since its creation in 2009, and the correction seen in recent months is within the range of what has happened before.

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2022-01-31 11:59:02 Wall Street Crypto Firm Valkyrie Is Holding a $700M Protocol Treasury

Valkyrie Investments will oversee NEM and Symbol protocol’s $700 million token treasury in a tie-up between modern-day asset managers and the digital realm.

The multisignature setup, which was formalized on Jan. 25, according to on-chain data, is an early instance of collaboration between two disparate corners of crypto. Valkyrie is a Wall Street-facing firm known for its bitcoin futures exchange-traded fund (ETF).

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2022-01-30 11:04:02 Demand for SHIB on Google declines by over 90% in the last 3 months

Data compiled by Finbold reveals that after a meteoric rise in 2021, interest in the keyword 'Buy Shiba Inu coin' on Google Search has declined dramatically in the last 90 days.

Google Trend score shows online search interest compared to the chart's peak for the specified location and time. At the same time, SHIB continues to gain exposure to more users with exchange listings as Uphold cryptocurrency trading platform recently listed the token on the platform following the recent surge in SHIB's popularity that resulted in the coin's spike in value.

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2022-01-29 12:19:02 White House is preparing executive action to regulate crypto as a 'matter of national security'

The White House is reportedly preparing an executive action that will instruct federal agencies with regulating cryptocurrencies 'as a matter of national security', a person familiar with the matter told Barrons.

Notably, since cryptocurrency has implications for national security the person involved also indicated that The White House Security Council would be involved in the executive action.

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2022-01-28 10:49:02 Vladimir Putin Offers Hope for Crypto in Face of Central Bank Call for Ban

Russian President Vladimir Putin has called for a consensus between his country's government and central bank following the latter's recent call for an outright ban on crypto.

Speaking in a video conference with government ministers on Wednesday, Putin asked for "Some kind of unanimous opinion" between his government and the Bank of Russia to be formed via discussions in the near future.

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2022-01-27 09:49:02 Russia's Finance Ministry Opposes Central Bank Call for Crypto Ban

Russia needs to regulate cryptocurrencies, not ban them, according to the head of the financial policy department at Russia's Ministry of Finance, Ivan Chebeskov.

Chebeskov said the ministry opposes the stance of the Bank of Russia, which earlier this month issued a report calling for a full ban on cryptocurrency trading and mining.

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2022-01-26 11:42:02 Despite Criticisms, El Salvador Is Not Forcing Its Citizens To Use Bitcoin

In November of 2021, El Salvador hosted two Bitcoin conferences and a plethora of international Bitcoiners descended upon the country. Most Bitcoiners seemed bullish on El Salvador, however, some have criticized the roll-out as “heavy-handed and in contradiction to the Bitcoin ethos.”

While it’s important to provide constructive criticism, verifying these claims is equally important. The implementation may be far from perfect; however, it’s vital to dispel the myth that El Salvador is forcing its citizens to use Bitcoin.

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2022-01-25 10:51:02 46% Of Bitcoin Mining Network Now Use Sustainable Energy, Confirms Bitcoin Council

Bitcoin mining now appears highly sustainable in terms of energy consumption contrary to previous criticisms, with the latest data from the Bitcoin Mining Council showing that as much as 46% of miners were using efficient power sources and methods of mining the cryptocurrency by the last day of 2021.

Based on data collected by the council during Q4 of 2021, the sustainable power mix used in mining the cryptocurrency has reached 66.1%. Bitcoin mining technology is also 9% more efficient than it was in Q3 of 2021 - up to 19.3 petahashes per MW.

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